Crypto Market Cap Hits New Record High of $3.38 Trillion

Trump's victory boosts optimism in a booming sector, as trading volumes reach historic levels evoking the 2021 boom

The cryptocurrency market is experiencing an explosive moment, reaching a historic market capitalization of $3.38 trillion. This impressive increase was triggered by a change in the regulatory environment in the US, once Donald Trump was elected president. Investors are encouraged by the new government's promises to relax regulations in this sector. This contributes to a significant resurgence of interest in cryptocurrencies.

Crypto Market Cap Hits $3.38 Trillion on Trump's Win / Tradingview

Context of the Crypto Market Cap rally

Since November, trading volume in the cryptocurrency market has experienced a notable increase, doubling the 25-week average. Current trading levels resemble those of the 2021 boom. This suggests a revitalization of interest in cryptocurrencies after a period of consolidation that extended from March to October of this year. This recovery environment is complemented by a very clear bullish trend, as the Crypto Market Cap remains above the 25-, 50- and 200-day exponential moving averages (EMA).

Impressive growth numbers

Capitalization growth is impressive: 139.27% ​​over the past 12 months, with 107.46% in 2024 and an astonishing 64.15% in just three months. These figures reflect a strong momentum that could extend if market confidence consolidates.

Favorable expectations

The cryptocurrency market faces an encouraging outlook, with signs of sustained growth supported by positive data and favorable regulatory expectations. Prices are above the moving averages, and trading volume continues to increase, although volatility in the sector always represents a risk. Investors should take advantage of the opportunities that arise, while keeping an eye on possible warning signs that may indicate changes in market dynamics.

Disclaimer: This article is for informational purposes only and should not be considered as financial advice. Cryptocurrency investments carry significant risks and thorough analysis is recommended before investing.